STM Short Idea
STM is displaying what I believe to be a Head and Shoulders top. The uptrend line has already been broken. I would feel comfortable shorting a close below the 200 day SMA. Keep in mind STM reports on 4/26/18. That might be the catalyst needed to complete the pattern. 1st Target is around $16.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.